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BofA Fails to Win Dismissal of U.S. Mortgage Fraud Suit Bloomberg Bank of America Corp. failed to win dismissal of a U.S. Justice Department lawsuit in which it&#39;s accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities. U.S. District Judge Max O. Cogburn Jr. in&nbsp;... and more&nbsp;&raquo;

Barbara S. Mishkin The CFPB has issued a new guide designed to help operators and staff of nursing facilities and assisted living residences protect residents from financial abuse. The guide indicates that it is for administrators as well as business office staff, social service personnel, and any staff members involved in the admissions process. It includes information about warning... More &#62;

Fear is not a factor for financial markets right now. According to a weekly index produced by the Federal Reserve Bank of St. Louis, market stress hit a record low reading in the week ending on June 13.

While many U.S. homeowners struggle with mortgage payments on their primary residence, those that have the means are taking advantage of low interest rates and stagnant inventories to purchase a second home in vacation home markets like Florida and California. These homes, which are neither investment properties nor primary residences, have averaged 4.76 percent of the total purchase mortgage market since 1998, and that percentage has grown in recent years.

June 19, 2014 - Manufacturing activity expanded in June, according to firms responding to the latest Business Outlook Survey. The diffusion index of current general activity increased from a reading of 15.4 in May to 17.8 this month. The index has remained positive for four consecutive months and is at its highest reading since last September.

DENVER, CO (Marketwired) - A new TransUnion analysis found that the reporting of rental payment information to the credit bureaus in a manner similar to other financial obligations could have a positive effect for the majority of subprime consumers' credit. The subprime segment of the population, those consumers who may be viewed as higher credit risks, could experience positive effects with only one month of on-time rental payment information. The findings were unveiled today at the National Apartment Association's Education Conference & Exposition in Denver.

NEW YORK (MarketWatch) -- Treasury prices added to gains Thursday after data showed the number of people applying for unemployment benefits edged down last week. The 10-year Treasury note yield, which falls as prices rise, was down 3.5 basis points on the day at 2.579%. The 30-year bond yield dropped 1 basis point to 3.408% and the 5-year note yield fell 5.5 basis points to 1.664%. Treasury prices rallied on Wednesday after the Federal Reserve released a statement and held a press conference confirming its commitment to low-rate policies. The Treasury Department will sell $7 billion in 30-year inflation-protected securities at 1 p.m. Eastern

With the housing market into its fourth year of price gains, homes in 2013 were being flipped for more money than ever: an average of $90,200 per home. Read&#160;More The post What&#8217;s Up with the Flipping Market?! appeared first on Redfin Real Estate Blog .

There was something missing from Federal Reserve Chair Janet Yellen's press conference Wednesday. Gone was the endless introspection over how the central bank should wind down its trillion-dollar bond-buying program. Neither Yellen nor the reporters questioning her seemed to doubt that the Fed would continue to reduce its purchases by $10 billion a meeting until the program ends altogether late this year. This helicopter is ready for landing. Read full article &#62;&#62;

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